As a modern alternative to the small block V8, the Mustang SVO appears. The SVO exhibits such features as a swooping nose without a grille, large halogen headlights, an asymmetrical hood scoop and a biplanar rear spoiler. The intercooled 2.3-liter turbocharged overhead-cam four-cylinder provides for 175 horsepower. Suspension and chassis are also revised to give a more balanced performance. Features include Koni gas-charged shocks, 1.12-inch-diameter anti-sway bars, forged steel lower trailing arms, four wheel disc brakes and 16-inch wheels with P225/50VR Goodyear Gatorback radials.

The SVO receives praise from Road & Track that claims, “This may be the best all-around car for the enthusiast driver ever produced by the U.S. industry.” In addition, red GT-350 lower body striping is added to 5,260 hatchbacks and convertibles for the 20th anniversary of the Mustang.